Annual Report 2024

106 China Merchants China Direct Investments Limited Annual Report 2024 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY For the year ended 31 December 2024 Equity attributable Share Translation General Retained to owners of capital reserve reserve profits the Company US$ US$ US$ US$ US$ Balance at 1 January 2023 139,348,785 55,202,478 13,635,504 363,383,686 571,570,453 Profit for the year — — — 5,726,311 5,726,311 Exchange difference arising on translation to presentation currency — (8,693,665) — — (8,693,665) Total comprehensive income for the year — (8,693,665) — 5,726,311 (2,967,354) 2022 final dividend paid (note 13) — — — (10,663,311) (10,663,311) Transfer to general reserve — — 42,182 (42,182) — Balance at 31 December 2023 139,348,785 46,508,813 13,677,686 358,404,504 557,939,788 Balance at 1 January 2024 139,348,785 46,508,813 13,677,686 358,404,504 557,939,788 Profit for the year — — — 120,351,314 120,351,314 Exchange difference arising on translation to presentation currency — (12,633,235) — — (12,633,235) Total comprehensive income for the year — (12,633,235) — 120,351,314 107,718,079 2023 final and special dividends paid (note 13) — — — (12,186,641) (12,186,641) 2024 interim dividend paid (note 13) — — — (6,093,321) (6,093,321) Transfer to general reserve — — 1,245,719 (1,245,719) — Balance at 31 December 2024 139,348,785 33,875,578 14,923,405 459,230,137 647,377,905 The general reserve represents the general reserve fund, which is 10% of its net profit set aside by each of the subsidiaries incorporated in The People’s Republic of China (“ PRC ”) until the balance reaches 50% of its registered capital, in accordance with relevant laws and regulations of the PRC and is not available for distribution.